While avid Bitcoin critics continue their skepticism towards stable coins, following their pending threat to the overall Banking Industry, many are realizing the powers of USDC, with institutions such as BlockFi offering rates up to 8% and Coinbase 4%.
USDC is allegedly the most trusted stable coin according to research conducted by the University of Zurich. This could be due to the massive skepticism towards the leading stable coin Tether, despite most rumors and allegations being greatly exaggerated.
